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Corporation Tax

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Corporation Tax is payable by all UK resident Limited Companies and calculated on the taxable profits declared on the Company’s HMRC Corporation Tax Return. Many legislative requirements need to be adhered to if you want to operate a Limited Company in the UK. These are governed by the UK Companies Act and HMRC compliance regulations.

 

All proprietors operating their business through a limited company entity need advice about the various HMRC requirements. These include withdrawing funds from the company for business and private purposes, and other tax planning actions to reduce the overall Company Tax liability. Quaywest Accounting will be able to assist you in the setting up process of forming your limited company and ensure your business takes the necessary steps to comply with all HMRC requirements on an ongoing basis throughout the year.

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